Alon USA Partners, LP (ALDW)

[jugs]

Must have been too tied up to think things through when I posted just a bit earlier following up on your mention of a Director's move to add to his position. The fact that there was no money involved in the transaction tells me it had to have been a conversion of cashless warrants or in simple terms a job-related perk via options. When a vehicle comes with restrictions, the time period may be two to three years. The latter is very common. The price (terms) would be interesting as it may portend management's expectations in the years just ahead.